EVE Energy Establishes $70M Wholly-Owned Subsidiary in Hefei to Bolster New Energy Push

EVE Energy recently established a wholly-owned subsidiary in Hefei—Hefei EVE Energy Co., Ltd.—with a registered capital of RMB 500 million. According to data from Qichacha, the company's business scope includes manufacturing and sales of new energy prime movers, as well as sales of electric components for new energy vehicles. It is 100% owned by EVE Energy (stock code: 300014). This move further strengthens EVE Energy’s industrial chain expansion and regional strategic layout in the new energy sector.